IRDA ACT 1999 WITH INSURANCE ACT

Price: Rs. 225
Pages: 275
Publisher: Taxmann Allied Services (P) Ltd.

As the name suggests, Part-I of the book contains the entire text of the IRDA Act. The other 3 parts of the book give the text of related Acts:
  • Insurance Act, 1938
  • Life Insurance Corporation Act, 1956
  • General Insurance Business (Nationalisation) Act, 1972
This allows an easy cross-referencing. Each section is organized in itself as it provides for an arrangement of the sections in each Act. The Insurance Act, 1938 is as amended with the IRDA Act, 1999.

The IRDA Act essentially provides for the establishment of the Insurance Regulatory & Development Authority to protect the interests of policyholders, and to regulate & promote the growth of the insurance sector in the wake of the opening up of the sector. It confers powers upon IRDA to amend the related Acts and the rights to specify the code of conduct relating to insurance companies and intermediaries.

This book would be useful to anyone interested in the insurance sector, more so, because the Indian Insurance Industry has been much talked-about lately. Companies eyeing the insurance sector in India, both Indian and foreign, would find this book base-building. Economists watching the industry closely can go through the bare Acts to know the powers of the IRDA for purposes of analysis. Interested students pursuing Business Management and Law would also benefit because it covers all insurance related Acts.